Managers of profit centers are usually given a lot of discretion because
a. They always do an excellent job
b. They rarely do a good job
c. The company can never judge their performance
d. It is relatively easy to tie management pay to division performance
d
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Which of the following is an example of division of labor?
a. an author writing a book one chapter at a time b. a firm trying to get rid of a labor union c. separating resources into four categories: land, labor, capital, and entrepreneurial ability d. allocating revenue among a firm's resource suppliers e. dividing an assembly process into separate steps
If domestic saving is less than domestic investment, then a country will have a ________ and positive net capital ________.
A. trade balance; inflows B. trade deficit; outflows C. trade surplus; outflows D. trade deficit; inflows